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DAILY ENERGY NEWS  |  08/03/2020
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Biden is clearing the bench to get all the worst voices to chime in on his Green New Deal.


Epoch Times (7/31/20) reports: "Joe Biden’s proposed plan 'to meet the existential threat of climate change' by achieving a 'carbon pollution-free' power sector by 2035 proceeds from faulty scientific assumptions, according to energy policy analysts and a Princeton physicist. The former vice president and presumptive Democratic presidential nominee unveiled his plan to 'build a modern sustainable infrastructure and an equitable clean energy future' on July 14. The proposal to replace carbon-emitting power sources with wind and solar energy by 2035 is one of seven 'key elements' of the plan which draws heavily from a task force Biden formed with Vermont Senator Bernie Sanders, who had previously challenged Biden for the nomination...But Dan Kish, a senior vice president for policy at the American Energy Alliance based in Washington D.C., sees a palpable connection between Biden’s formal proposal and the task force. 'Joe Biden’s energy plan was sprung from the loins of Alexandria Ocasio Cortez, who headed up his task force,' Kish said in an email. 'But the Green New Deal has its roots in much, much more than energy, as her chief of staff let slip to the Washington Post, when he said, 'it wasn’t originally a climate thing at all … we really think of it as a how-do-you-change-the-entire-economy thing."'"

"In the oceangoing transport sector, the Jones Act’s beneficiaries are a dwindling handful of decrepit shipyards on the verge of bankruptcy, labor unions whose membership would expand dramatically if we could only free the whole sector from the law’s false 'protection,' and the lobbyists and venal politicians who cash in on this policy of “America Last.” Mend it or end it."

 

– Mario Loyola,
Competitive Enterprise Institute

Plunging an entire state into energy poverty can take you back a bit.


Utility Dive (7/31/20) reports: "A highly-anticipated open meeting of the Arizona Corporation Commission (ACC) ended abruptly and without any votes on Thursday, amid debate over how to consider competing proposals for new energy rules that would set the state's utilities on a path to carbon-neutrality Commissioners were considering an ACC staff proposal that included a 100% Clean Energy Standard by 2050 and a new integrated resource planning process without an energy efficiency standard. An alternate proposal put forth by Chairman Bob Burns and Commissioner Sandra Kennedy on Friday included interim targets on the way to carbon neutrality, which the staff proposal did not, as well as a 35% energy efficiency standard by 2030. A new open meeting will need to be scheduled to consider the rules. In adjourning the meeting, Burns said it would be best for commissioners to 'take a deep breath and come back refreshed on this issue.'"

Climate Industry PR Firm:  "When Caught Red Handed, Deny, Deny, Deny!"


Inside Climate News (7/27/20) reports: "The shock of Covid-19 hit in different ways for Xiao Wu, a 27-year-old Ph.D. student in Harvard's public health school, and his academic adviser, biostatistician Francesca Dominici. Wu, a former national high school math champion in China, was shaken in January as he absorbed reports from his native country about Covid-19's exponential spread. 'Considering that infection rate, it was almost guaranteed this would be a global pandemic,' he said. 'It was transmitted too fast.' But reality didn't sink in for Dominici until she walked across Harvard Yard on March 10, the day the university sent students home...Dominici immediately began thinking about air pollution's interplay with Covid-19. She and her colleagues had published research in 2019 showing that long-term exposure to PM 2.5 and ozone were associated with an increased risk of hospitalization for acute respiratory distress syndrome (ARDS) in older U.S. adults, and ARDS was killing Covid-19 victims. Reaction to the Harvard study was swift, and divided."

It's not about energy, it's about power.  


E&E News (8/3/20) reports: "In July, a climate task force convened by Democratic presidential candidate Joe Biden embraced a 2030 goal of zeroing out greenhouse gas emissions from all new buildings. The plan followed a wave of climate activism targeting buildings, which are often the biggest source of urban emissions as they draw electricity from the grid and guzzle natural gas for heat. Dozens of cities in California and Massachusetts have sought to restrict the use of gas in new structures, provoking pushback by oil and gas associations, utilities, and other groups. But efficiency researchers say activists' favored alternative to natural gas — electric heat — is still a costlier option for consumers. Mass adoption of electric heating could overload the grid without significant infrastructure upgrades, other analysts warn. And an all-electric push would drag gas utilities into an existential fight, experts say, creating risks to ratepayers and company workforces." 

Energy Markets

 
WTI Crude Oil: ↓ $40.02
Natural Gas: ↑ $1.90
Gasoline: ~ $2.18
Diesel: ~ $2.43
Heating Oil: ↓ $122.08
Brent Crude Oil: ↓ $43.30
US Rig Count: ↑ 282

 

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